5
Wheat prices are currently trading within a bullish intraday channel, with expectations to continue their upward trend towards a target of $564.60. This positive outlook is reinforced by the support provided by the EMA50 indicator. However, a drop below $547.50 could signal a shift towards a bearish phase, potentially leading to a decline towards the $532.00 level.
For today, the anticipated trading range is between $540.00 support and $560.00 resistance.
Related topic: